How to Buy Zcash (ZEC) in Canada – May 2024

Buying Zcash (ZEC) in Canada is now easier than ever with more trustworthy Canadian specific options, and more international exchanges offering options to Canadian residents.

In this article, we will detail how you can purchase Zcash (ZEC) and other cryptocurrencies from any province in Canada.

Things to Consider Before Buying Zcash (ZEC) in Canada

Before getting started, there are a few things to consider when you plan on buying Zcash (ZEC) in Canada. These are important in helping you both choose the correct time, and the correct service to make your Zcash (ZEC) purchase.

Market Position: This is a huge factor of course when you invest in any asset. Perhaps, even more, the case when you are buying Zcash (ZEC). It is subject to more pronounced price movements than investing in stocks for example. In that case, you want to be fully aware of the market price at the time you are buying.

Trading Fees or Limits: These can vary from extremely competitive to very high depending on the service you choose to buy your Zcash (ZEC) through. Always be sure to check for all fees and charges before making a purchase.

How to Buy Zcash (ZEC) in 4 Steps

The whole process can take as little as 10 minutes and all you'll need is a smartphone or computer, photo identification and a means of payment.

1. Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Zcash (ZEC) cryptocurrency.
2. Create an account – Verify your email address and identity.
3. Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
4. Buy Zcash – Use your funds to Buy ZEC.

Top Places to Buy Zcash (ZEC) in Canada

1. Coinberry

Coinberry is making it easy to access Zcash (ZEC) in Canada with no fuss and buy or sell the asset quickly through the user-friendly platform. Coinberry has been around since 2017 and has a number of highly-trusted partnerships that set them up with a solid reputation for cryptocurrency. They are also registered with FINTRAC as a Money Services Business (Financial Transactions and Reports Analysis Centre of Canada) which is an extra layer of trust.

You can have your account open and KYC verified here in no time at all and Coinberry also ensures the best value environment possible for buying or trading your Zcash (ZEC) and the other supported assets. With no deposit or withdrawal fees, and a 0.5% trading fee, they come in as one of the cheapest services where you can buy Zcash (ZEC) in Canada using your debit, credit card, wire, or Interac transfer. You should note though that as a market maker, they will apply a spread to the asset.

Overall Coinberry provides a secure, super-convenient, and well-trusted service with competitively low costs.

They also offer: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE),  Bitcoin Cash (BCH), and Stellar Lumens (XLM).

Read our Coinberry Review or visit Coinberry.

2. Newton

Newton is a digital asset exchange platform that provides users with an easy and secure way to buy, sell and trade cryptocurrencies including Bitcoin, Ethereum, and Litecoin. The platform offers a user-friendly interface, low trading fees, fast transaction processing and innovative security measures to protect users' assets.

Newton aims to serve as a bridge between the traditional financial system and the emerging world of cryptocurrencies. The platform's mission is to create a reliable, transparent and accessible marketplace for individuals and institutions to engage in cryptocurrency trading.

On its official website, Newton emphasizes its commitment to security and compliance with regulatory standards. Newton employs a multi-layered security system, including cold storage of user assets, two-factor authentication, and encryption of sensitive data.

Overall, Newton provides an efficient and trustworthy platform for individuals and institutions to access and trade cryptocurrencies. Its dedication to security and regulatory compliance make it a promising player in the rapidly-evolving world of digital asset exchanges.